Question: You borrow $ 2 0 0 , 0 0 0 . The loan is structured as an amortized loan to be repaid over 1 0

You borrow $200,000. The loan is structured as an amortized loan to be repaid over 10 years with 12(end-of-period) payments per year. The lender is charging you a rate of 4% APR. (Assume that the lender can continue to earn 4% by reinvesting the payments.) How much interest does the lender earn over the life of the loan? My homework site says that 42,998.33 is incorrect.

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